Is it worth buying BT shares after the update of today received?

In marked contrast to last year, BT (LSE: BT-A) The actions have had a fairly volatile start by 2025. Today's commercial update (January 30) of the largest mobile and broadband operator in the United Kingdom has done nothing to change that.

So what are worrying investors?

Mixed numbers

Well, the figures barely culed their pulse. The tight income fell 3% to £ 5.2 billion in the third quarter after the lowest sales in the company's consumption and business units.

In a more optimistic note, the income in the BT Openreach division increased by 1% to £ 1.5 billion with 17 million fiber connections to the facilities (FTTP) completed at the end of December. A 4.2 million objective has been established in the current financial year with the aim of being reached in the late 2026.

The CEO Allison Kirkby was also trying to take a positive turn to things, highlighting that the company “Transformation of costs rather than compensating lower income outside the United Kingdom and weak telephone sales“. The sale of its data centers in Ireland, part of the BT strategy to focus completely on its local market.

Does opportunity hits?

After all, it seems that the market has exaggerated a touch exaggeratedly, especially because BT believes that it is still ongoing to meet the expectations of the whole year.

The drop in the price of today's shares must also be put into perspective. This company significantly exceeded the index in 2024.

In addition to an increase of almost 17%, investors were discussed with 8P dividends per share. Perhaps some gain, if that is what we are seeing, it was inevitable.

The question, however, is whether BT can continue doing the long -term business from here. Well, this is where things get a bit complicated.

Cheap … for a reason?

On the one hand, this still seems to be a very cheap stock. A price to profits (p/e) ratio of only 8 means that BT actions still work well below the average assessment throughout the entire Ftse 100.

According to the current price, the limit of £ 15 billion also has a juicy dividend yield of 5.5%. That is more than a fund that tracks the return of the largest companies in the United Kingdom.

However, the most effective perspective comes with an additional tablespoon of risk.

An important weakness of the investment case is that the BT general balance still grows under a huge amount of debt. This is not surprising given that management has pledged to throw billions of pounds in its full -fiber broadband deployment. The idea is that all this will be worth it with greater profits at the end. Maybe he will. But shareholders could see enough volatility on the road if we receive inflationary clashes.

Better purchases elsewhere

Taking into account the above, it is not surprising that analysts predict an insignificant increase for dividends in fiscal year 26. For me, almost states payments are not particularly attractive. BT does not have the best record of maintaining payments when the economy of the United Kingdom is not either.

Cheap to the letter, so it can be, I am not tempted yet to buy. Apart from the lovely profit last year, I prefer companies in robust financial health. While no one really knows what is just around the corner and no dividend flow is guaranteed, it is what I look for a constant increasing payments with few (if it is) interruptions.

And there are many in the United Kingdom market at this time!